Colombia Job Openings

Munich Re

Engineering Underwriter Facultative & Corporate (m/f/d*) - LA South

Bogota

October 28, 2024

Engineering Underwriter Facultative & Corporate (m/f/d*) - LA South
Are You Ready to Make an Impact in Latin America’s Growing Markets?
Join Munich Re in Bogotá as an Engineering Underwriter and help shape the future of major engineering projects across the region. Be part of a team that drives innovative solutions and sets the standard for excellence in reinsurance. If you’re passionate about high-quality underwriting and client-focused service, we want to hear from you!
Company
Munich Re
Location
Bogotá , Colombia


Munich RE Representative Office in Colombia (MR Bogota) is responsible for important and fast growing markets in Latin America such as Chile, Colombia, Peru and Argentina within its Underwriting Centre function for facultative business. Our Property&Engineering underwriting team in Bogota strives to assure highest standards in underwriting quality and excellence as well as to develop and provide business solutions with a clear focus on our clients.

We are looking for an Engineering Single Risk Underwriter (m/f/d*) focused on project business (CAR, EAR, IDI) and operational risks (Power Gen, Civil Engineering Completed Risks and Contractors Plant and Machinery) to join our team.



Responsibilities (your job):

  • Pro-active enhancement and expansion of business relationships in direct contact with cedants and brokers with a clear focus on acquisition of new profitable business.
  • Assessing and underwriting engineering single risks for our clients in LA South region, including risk assessment, policy wording analysis, pricing, quotation and implementing business acquisition tactics in accordance with target portfolio, risk appetite, underwriting guidelines and authorities, client segmentation and business unit strategy.
  • Developing and executing engineered risk-management concepts including risk inspections for target risks and supporting clients on risk assessment matters.
  • Supporting the team on strategy implementation, underwriting quality assurance and business development, living up to standards of 4-eye principle.
  • Supporting local office, Client Management (CM), Claims / Loss Control Engineering (LCE) and MR treaty underwriting departments on technical questions and business development by taking a high degree of personal initiative and consistently exploiting all synergies available within Munich Re in LA but also worldwide.
  • Closely interacting with clients, understanding their needs and business strategy for developing joint opportunities with innovative approach (products, solutions).
  • Supporting seminars, workshops for clients on local and regional basis.
  • Actively contribute to ensure opinion leadership within the engineering re/insurance community in the region.
  • Taking on special projects / initiatives, e.g.: within multidisciplinary Mission Teams on local and regional scale.
Qualifications (your profile):
  • Bs. Civil engineering degree (mechanical, electrical, industrial or equivalent).
  • Single risk engineering underwriting experience (min 5 years). Property underwriting experience is a plus.
  • Sound knowledge of reinsurance in engineering/ property lines of business.
  • Experience in specific field of engineering practice desirable e. g.: civil works.
  • Practical experience in risk management / risk inspections either on construction works and / or operational power plants is of advantage (Loss Control Engineering).
  • Experience / Interest in dealing with LA - South American markets.
  • Experience / Knowledge in digital solutions / UW platforms is of advantage.
  • High degree of client orientation, negotiation & marketing skills and interest in finding innovative client solutions.
  • Proven intercultural competence, delight and ability to work as a team player in multidisciplinary / international environments.
  • High degree of commitment, flexibility and willingness to travel.
  • Business-fluent (written and spoken) Spanish and English.
  • Excellent knowledge and practice of Munich Re’s underwriting tools (FAB, MR-ET, FPP, Risk Mapper, Power Link) and other modelling tools.
Benefits:
  • Company Bonus (Group Financial Performance Dependant)
  • Health &Life Insurance
  • Company Pension Program
  • 20 days annual leave plus additional wellness days
  • Hybrid working
  • Training & Development Programs
About us
As the world's leading reinsurance company with more than 11,000 employees at over 50 locations, Munich Reintroduces a paradigm shift in the way you think about insurance. By turning uncertainty into a manageable risk we enable fundamental change. Join us working on topics today that will concern society tomorrow, whether that be climate change, major construction projects, medical risk assessment or even space travel. Together we embrace a culture where multiskilled teams dare to think big. We create the new and the different for our clients and cultivate innovation. Sounds like you? Join us at Munich Re and Push Boundaries. With us.


  • Munich Re not only stands for fairness with regard to its clients; it is also an equal opportunities employer. Severely disabled candidates will also be prioritized, if equally qualified.

#LI-Hybrid

Apply now!
  • Please apply before the 15th of November, 2024
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